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3XSQ: Apple boosted by billion dollar Samsung verdict

Monday, August 27, 2012 - 03:53

Aug 27 - Apple shares opened 2.5 percent higher after winning its patent battle with Samsung while Samsung sputtered, losing $12 billion in market value.

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Ahead apple stores. The only tech stocks surging -- putting the pieces together as Russia celebrates after -- Later in the show. Welcome to three Times Square this Monday from Reuters world headquarters in New York. A California jury award of one billion for apple late Friday in its patent suit against Samsung. Turning into twelve billion or more. Let us explain shares of the world's most valuable company closed near 663. Bucks Friday before the decision came out. Now they're at about 676. The gain in market cap of about fifteen billion. Samsung losing about twelve billion in market cap though it remains well up this year. Analysts indicating the ruling could lead other phone makers to shy away from using Google's Android operating system used by Samsung. So Google off a bit today those still near its high for the year of six AD. While companies that make or use other mobile software are rising that includes Microsoft Nokia and Research in Motion. Not a lot of bluster -- Tiffany is that luxury goods retailer cut its fiscally you're sales and profit forecast for the second straight water. The global economic weakness hurting -- including a slowdown in sales in the US. Though it says US sales to terrorists were roughly unchanged. Shares are up from their low around fifty reached in June. Merger Monday with a pair of multibillion. Dollar deals and -- bank buying Hudson City Bancorp for three point seven billion. The agreement gives -- a larger presence in eastern US it's paying 60% stock and 40% in cash. Checking shares right now and then tee up about over 4% and how to get -- up that fifteen and a half percent. While -- has finally sealed the deal to buy dollar thrifty. The price tag of 2.3 billion it ends more than two years and on and off takeover talks. Taking -- shares right now. Hertz up over 14%. And there's three -- asked about seven now over 7%. Asked and he shall receive. Our power player of the day doing just that it's media mogul Barry Diller. His -- dot com unit of IAC purchasing web site about dot com from the new York times company. For 300 million in cash. After asked dotcom formerly known as ask -- scrapped plans to go head to head with Google as a search engine. The site just focused on building its question and answer format about dot com could be just the answer it's looking for. Meteorologists looking for answers about Isaak. The storm has moved over the Florida Keys and it's heading towards the Gulf Coast he can hit anywhere between Florida and Louisiana by mid week. It's expected to strengthen to at least category one hurricane. Several energy companies have been evacuated employees in the region while Republicans canceled today's convention activities in Tampa. Put together the pieces of German history in Russia. Organizers say it's Russia's largest puzzle a giant jigsaw replica of a famous self portrait of the German painter -- -- In the Russian city of -- appears. The event was initiated by the city of Nuremberg -- juror was born and now part of traveling celebration called the year of Germany. About 200 local residents laid down the pieces. That's the latest and three times -- Monday you can follow us on Twitter at Reuters Insider and check out our players YouTube channel. At twitter.com. Slash letters. I'm Lisa Bernhard. It's worth.

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3XSQ: Apple boosted by billion dollar Samsung verdict

Monday, August 27, 2012 - 03:53